Finra fines Barclays Capital $2 million for best-execution failures
The regulator says the firm didn't search the market to see if it could find better prices for customers, in a case that's another example of the regulatory crackdown in this area.
Finra fined Barclays Capital Inc. $2 million Wednesday for failing to take steps to ensure that it fulfilled its customers’ trading orders at the best prices.
Barclays routes customer orders through an alternative trading system that it owns, known as LX. It fills customer orders on the platfor
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